Transocean Ltd. Announces Customer Early Terminates The Discoverer Deep Seas

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced that Murphy Exploration & Production Company – USA, a subsidiary of Murphy Oil Corporation, has elected to terminate the contract for the ultra-deepwater drillship Discoverer Deep Seas.
The rig’s contract was scheduled to end in November 2016.
Transocean will be compensated for the early termination through a lump-sum payment that includes adjustments for operating costs.
Source: Transocean Ltd.
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